Rayovac 2011 Annual Report Download - page 145

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SPECTRUM BRANDS HOLDINGS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(CONTINUED)
(In thousands, except per share amounts)
(14) Restructuring and Related Charges
The Company reports restructuring and related charges associated with manufacturing and related initiatives in
Cost of goods sold. Restructuring and related charges reflected in Cost of goods sold include, but are not limited
to, termination and related costs associated with manufacturing employees, asset impairments relating to
manufacturing initiatives, and other costs directly related to the restructuring or integration initiatives
implemented.
The Company reports restructuring and related charges relating to administrative functions in Operating
expenses, such as initiatives impacting sales, marketing, distribution, or other non-manufacturing related
functions. Restructuring and related charges reflected in Operating expenses include, but are not limited to,
termination and related costs, any asset impairments relating to the functional areas described above, and other
costs directly related to the initiatives implemented as well as consultation, legal and accounting fees related to
the evaluation of the Predecessor Company’s capital structure incurred prior to the Bankruptcy Filing.
The following table summarizes restructuring and related charges incurred by segment:
Successor
Company
Predecessor
Company
2011 2010
Period from
August 31, 2009
through
September 30,
2009
Period from
October 1, 2008
through
August 30,
2009
Cost of goods sold:
Global Batteries & Appliances ....................... $ 756 $ 3,275 $ 173 $11,857
Global Pet Supplies ............................... 7,085 3,837 5 1,332
Home and Garden Business ......................... — 38 — —
Total restructuring and related charges in cost of goods
sold .......................................... 7,841 7,150 178 13,189
Operating expense:
Global Batteries & Appliances ....................... 5,338 251 370 8,393
Global Pet Supplies ............................... 9,567 2,917 35 4,411
Home and Garden Business ......................... 2,704 8,419 993 5,323
Corporate ....................................... 3,194 5,381 153 12,764
Total restructuring and related charges in operating
expense ....................................... 20,803 16,968 1,551 30,891
Total restructuring and related charges ................ $28,644 $24,118 $1,729 $44,080
135